What is in a Real Estate Contigency Plan? | Real Life Planning Podcast Episode 65
Real Estate CoachingIn Episode 65 of the Real Life Planning Podcast, Cynthia Meyer, CFP®, CFA®, ChFC® shares how to build a real estate contingency plan to protect your rental business—and your loved ones—in case of an emergency. Whether you’re managing one property or many, this episode is a must-listen for any landlord who wants to avoid chaos and ensure smooth operations when life throws the unexpected your way.
This week on Real Life Planning Podcast:
| 💡 | What is a real estate contingency plan and why does every property owner need one? [00:01:12] |
| 💡 | Who should step in if you're suddenly unavailable—and what should they know? [00:06:36] |
| 💡 | What documents, accounts, and workflows should be part of your emergency planning? [00:09:39] |
| 💡 | How can digital tools help automate and organize your real estate operations? [00:12:23] |
| 💡 | 💡What goes into creating a "Rental Property Emergency Packet" for your family? [00:16:35] |
Takeaway Quotes:
"A contingency plan answers three questions: Who takes over? What happens to tenants? And who pays the bills?" -Cynthia Meyer
"You don’t want to leave your kids a mess—you want to leave them a clearly run and structured business." - Cynthia MeyerConnect with Real Life Planning:
About the Real Life Planning Podcast
Hosts Cynthia Meyer and Vekevia Tillman-Jones explore practical steps for real estate investors to build financial freedom and make working for someone else optional.
If you like this video podcast, consider joining Real Life Planning’s Question of the Week where our CERTIFIED FINANCIAL PLANNERs™ and rental property business owners answer the most common questions about real estate financial planning direct to your inbox.
This blog is for general financial education purposes. Information contained in this blog should not be construed as financial, tax, real estate, legal, or investment advice. For educational purposes, blog posts may contain links to other websites which are not under the control or and are not maintained by Real Life Planning. Real Life Planning has provided those links for your convenience but does not necessarily endorse all the material on those sites. Please consult your financial, real estate, legal, or tax advisor for advice specific to your situation.